We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
SanDisk, Coinbase, and Moderna are flashing strong technical patterns.
Price Action is Truth
On Wall Street, the single, most reliable truth teller is the price and volume action in stocks. Though headlines can be misleading, economic indicators lag, and fundamentals aren’t always priced in right away, price and volume action tells the truth. It represents real money at risk and supply and demand across the stock market. My recent article dissects why the market has been suppressed and why it is ready to explode to the upside.
Bullish Setups Proliferate
Similar to working out or dieting, the secret to success in trading is consistency. The best investors that I know screen for stocks e at least once a week. By consistently screening for stocks each week, investors can get a valuable grasp on when there is a subtle change in the number of bullish setups.
What Do you Mean by “Setups”?
Each week, I scan thousands of stocks to search for which stocks are basing within uptrends. Since leading stocks tend to uptrend in a stair-step fashion, it is best to buy after these consolidations instead of chasing them extended. The best bullish set ups are found in fundamentally sound, uptrending stocks with price consolidations of five weeks or more. Additionally, relatively new bullish catalyst is another positive.
3 Stock Setups to Watch
SanDisk: Benefiting From the AI Memory Bottleneck
SanDisk ((SNDK - Free Report) ) is one of the best-performing stocks so far in the AI revolution. SanDisk benefits from surging demand for its high-capacity flash storage products that are used in cloud and AI deployments. The company is already sold out of its memory and NAND flash production through 2026, and Zacks Consensus Analyst Estimates expect its robust growth trajectory to persist into 2027.
Image Source: Zacks Investment Research
After a massive run, shares finally formed a multi-month base structure. The stock is currently setup in a picture-perfect monthly bull flag pattern.
Image Source: TradingView
Coinbase: SEC Provides Regulatory Relief
Earlier this month, Coinbase ((COIN - Free Report) ) shares dropped after the long-awaited “CLARITY Act” stalled in the U.S. Senate. However, shares bounced back Friday on massive volume turnover after the U.S. Securities and Exchange Commission (SEC) circumvented the Senate and approved limited on-chain trading of tokenized stocks. Additionally, Coinbase is reportedly in talks with the Treasury and Commerce Departments to advance the Strategic Bitcoin Reserve. On Friday, Coinbase shares recaptured the 200-day moving average as volume swelled to 150% above the 50-day norm – signaling renewed demand and a bullish trend change.
Image Source: Zacks Investment Research
Moderna: Blockbuster Potential
In mid-August, Moderna ((MRNA - Free Report) ) shares exploded 176% in a single day on massive volume after Phase 3 data showed its mRNA-based cancer therapy significantly cuts melanoma recurrence. Because more than 2% of Americans have melanoma, this groundbreaking drug has blockbuster potential due to its massive total addressable market. Moderna shares are setup in a powerful high-tight flag pattern. Despite the massive post-approval move, the stock has held its ground and moved sideways on low volume – a sign that bulls are in no rush to part with shares.
Image Source: TradingView
Bottom Line
As the bulls reassert their power, leading stocks like SanDisk, Coinbase, and Moderna are setting up in constructive base structures.
View the Zacks #1 Rank List
Image: Shutterstock
3 Bullish Setups for the Week Ahead
Key Takeaways
Price Action is Truth
On Wall Street, the single, most reliable truth teller is the price and volume action in stocks. Though headlines can be misleading, economic indicators lag, and fundamentals aren’t always priced in right away, price and volume action tells the truth. It represents real money at risk and supply and demand across the stock market. My recent article dissects why the market has been suppressed and why it is ready to explode to the upside.
Bullish Setups Proliferate
Similar to working out or dieting, the secret to success in trading is consistency. The best investors that I know screen for stocks e at least once a week. By consistently screening for stocks each week, investors can get a valuable grasp on when there is a subtle change in the number of bullish setups.
What Do you Mean by “Setups”?
Each week, I scan thousands of stocks to search for which stocks are basing within uptrends. Since leading stocks tend to uptrend in a stair-step fashion, it is best to buy after these consolidations instead of chasing them extended. The best bullish set ups are found in fundamentally sound, uptrending stocks with price consolidations of five weeks or more. Additionally, relatively new bullish catalyst is another positive.
3 Stock Setups to Watch
SanDisk: Benefiting From the AI Memory Bottleneck
SanDisk ((SNDK - Free Report) ) is one of the best-performing stocks so far in the AI revolution. SanDisk benefits from surging demand for its high-capacity flash storage products that are used in cloud and AI deployments. The company is already sold out of its memory and NAND flash production through 2026, and Zacks Consensus Analyst Estimates expect its robust growth trajectory to persist into 2027.
Image Source: Zacks Investment Research
After a massive run, shares finally formed a multi-month base structure. The stock is currently setup in a picture-perfect monthly bull flag pattern.
Image Source: TradingView
Coinbase: SEC Provides Regulatory Relief
Earlier this month, Coinbase ((COIN - Free Report) ) shares dropped after the long-awaited “CLARITY Act” stalled in the U.S. Senate. However, shares bounced back Friday on massive volume turnover after the U.S. Securities and Exchange Commission (SEC) circumvented the Senate and approved limited on-chain trading of tokenized stocks. Additionally, Coinbase is reportedly in talks with the Treasury and Commerce Departments to advance the Strategic Bitcoin Reserve. On Friday, Coinbase shares recaptured the 200-day moving average as volume swelled to 150% above the 50-day norm – signaling renewed demand and a bullish trend change.
Image Source: Zacks Investment Research
Moderna: Blockbuster Potential
In mid-August, Moderna ((MRNA - Free Report) ) shares exploded 176% in a single day on massive volume after Phase 3 data showed its mRNA-based cancer therapy significantly cuts melanoma recurrence. Because more than 2% of Americans have melanoma, this groundbreaking drug has blockbuster potential due to its massive total addressable market. Moderna shares are setup in a powerful high-tight flag pattern. Despite the massive post-approval move, the stock has held its ground and moved sideways on low volume – a sign that bulls are in no rush to part with shares.
Image Source: TradingView
Bottom Line
As the bulls reassert their power, leading stocks like SanDisk, Coinbase, and Moderna are setting up in constructive base structures.